18536 E Warren Ave, Detroit, MI 48236
Former restaurant property available for sale.
- Added:
- Oct 15, 2022
- Days on Market:
- 1361
- Last Refresh:
- Jul 2 at 6:28 am
Property Features for 18536 E Warren Ave
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Retail
Listing office Landmark Commercial Real Estate Services (313) 570-2026
Listing date Oct 15, 2022
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Landmark Commercial Real Estate Services
HighLights
- Former Restaurant Available
- Property Available For Sale
- Additional Property Details Available
- Property suitable for restaurant business
- Commercial property
- Ready for immediate occupancy
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.2k | $18.60 |
| − Vacancy | −$2.0k | −$1.00 |
| EGI | $35.2k | $17.60 |
| − OpEx | −$8.8k | −$4.40 |
| NOI | $26.4k | $13.20 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Ray-Ray's Catering — 5503 Pennsylvania St, Detroit, MI 48213
- Tasteful Sensations Catering LLC — 5191 Cooper St, Detroit, MI 48213
- Edibles Rex Catering — 5555 Conner St Suite 1058, Detroit, MI 48213
- Monarch Mixers LLC — 5593 Cadillac Ave, Detroit, MI 48213
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.913057
- Latitude
- 42.412162
